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NANO Nanoco Group Plc

23.00
-0.175 (-0.76%)
Last Updated: 13:18:21
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Nanoco Group Plc LSE:NANO London Ordinary Share GB00B01JLR99 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.175 -0.76% 23.00 760,447 13:18:21
Bid Price Offer Price High Price Low Price Open Price
23.00 23.45 23.55 23.00 23.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Coml Physical, Biologcl Resh 5.62M 11.09M 0.0343 6.71 74.38M
Last Trade Time Trade Type Trade Size Trade Price Currency
14:54:47 O 443 23.066 GBX

Nanoco (NANO) Latest News (1)

Nanoco (NANO) Discussions and Chat

Nanoco Forums and Chat

Date Time Title Posts
16/4/202413:14Nanoco/Dow - 2016 a transformational year for CFQD39,303
18/3/202415:19fum value-
16/3/202409:07Nanoco Technologies Ltd114
25/7/202315:36Nanoco - Cadmium-Free Quantum Dots - World Leader15,688
28/3/202320:17Directors/officers who went to jail-

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Nanoco (NANO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
13:54:4823.07443102.18O
13:53:4523.071,910440.56O
13:38:1823.1647,48910,997.27O
13:35:4323.322,133497.50O
13:25:3223.321,685393.01O

Nanoco (NANO) Top Chat Posts

Top Posts
Posted at 11/4/2024 16:27 by twatcher
"The Capital Reduction will facilitate the previously announced return of capital to Shareholders of between GBP33 million and GBP40 million (or approximately 10 pence to 12 pence per share) using the second tranche of the proceeds of the Samsung litigation ($75 million) which is expected to be received during February 2024. No decision has yet been taken as to the method of any such return of capital."


As someone else asked earlier, how is giving the company a share worth 21-22p in return for 24p, returning 10-12p per share back to shareholders ?, and then it is only some shares, not all.

Not only is a participate getting only 2-3p per share for part of their holding, they are also surrending that part of their holding.

So when all the dust is settled, if the share price drops as a result of the corporate action, then everyone, including those that participated will be worse off overall, and if by some magic the share price increases, those that participated will be worse off compare to those that did not (because they have less shares)

Scratches head.
Posted at 20/3/2024 08:06 by paul planet earth1
Terrorwit

"So far, against those who think it's going to fall to a lower valuation afterwards,
the price has been buoyed up by the tender offer"

It's because the planned share buyback hasn't been completed and cash returned to share holders accounts!

Take £33m off the table and with no material commercial contracts in the pipeline where is the support for valuing future organic growth and hence prop up the post buy back share price coming from?

I know Cavendish paid for services to market Nanoco to a wider share base to bring in new investors to prop up the share price hence their share price forecast of 60p with no fundamentals to back it up, plucked out of thin air, and looks attractive compared to current 21p, signalling buy here you will treble your money soon!
Posted at 20/3/2024 07:54 by paul planet earth1
Does anyone know how Cavendish came up with a target share price of 60p and on what basis which is nearly 3 times current share price?

Obviously they must be aware of the imminent share buyback and how the share price will fall with their share price forecast multiple becoming closer to 4 times expected share price post buy back.
Posted at 12/3/2024 15:08 by terrorwit
Thinking aloud.

It isn't long since the CFO, Liam Grey, bought more shares with his own money

According to both Edison and Turner Pope the share price doesn't include fair value for the company's future prospects, which the BoD say are good.

So why has the share price been so low following the Samsung settlement in January 2023? I think because institutional buyers haven't wanted to invest only to be given their money back in the distribution.

If this is correct then once the distribution is over there may be an appetite for shares before news sales contracts are announced in the next 1-2 years.

If so it would be a mistake to worry too much about what the share price may fall too after the tender offer. It's even conceivable there may be a rush and that idea might go some way to explaining Liam Grey's timing especially given that, as an insider, he would have been prevented from buying immediately ahead of yesterday's announcements.

Think about it.
Posted at 12/3/2024 07:07 by paul planet earth1
From the LSE BB the share buyback looks set for failure!

TwoGood2Die

Posts: 1,871

Price: 20.275

No Opinion

RE: Share BuybackToday 07:01
Troublesome

"If you look at the current spread 24p versus ask price 21p or 10% to 12% that's little incentive for investors to sell up!

I would say the proposed share buyback has already failed regardless of the vote which will simply be a formality ie same 37% pushing it through but hardly any uptake as investors are not forced or induced to sell"

TwoGood2Die

Posts: 1,871

Price: 20.275

No Opinion

RE: Share BuybackToday 06:45

Just to add...

"My expectation is that the share buyback will fail to attract many sellers and a special dividend payment time for late June following the signing of the first commercial deal with STM seems the more likely outcome with the share buyback failing to achieve its original objectives reducing the share capital base and making Nanoco a more attractive takeover target"

TwoGood2Die

Posts: 1,871

Price: 20.275

No Opinion

Share Buyback Today 06:42

"If you checked my original posts I cited that a share buyback was on the cards as part of a wider strategy and that was LOAM's future 'exit' strategy by reducing share capital making Nanoco a more enticing takeover target.

At the time I suggested a £40m buy backbat 40p a share equating to 100m shares this would be priced above the 37p placement price in 2022 when the company needed operational funding.

This I felt was a 'fair price' for the risks investors had faced and given that the share price itself had crashed 70% since the Feb 2023 Samsung settlement announcement was made on the $150m deal struck.

It seems the Board have become too aggressive and priced the buyback at 24p having taken third party advice, which in my view the advice offered is fundamentally flawed as its always extremely important to take such matters into the context of the current situation and recent circumstances that Nanoco faced.

A buyback at 24p if succesful plus a further £3m but with 90% of shares cancelled would at best lead to around 190m shares remaining in issue.

324m × 38.5% x 90% = 114.74m, post share price £33m/209m = 15.7p

Note: 10% of shares won't be cancelled and still in effect counted as in issue.

£3m spent on 'open market trading', £3m ÷ 15.7p = 19m x 90% = 17.9m.

Total buyback = 114.74m + 17.9m = 132 64m

324m - 132.64m = 191m therefore £33m ÷ 191m implies a 'theoretical' share price of 17p where LOAM hopes Nanoco gets taken out at between 5 and 10x multiple or 85p minimum = 85p x 191m = £160m at 8.75% WACC = implied pre tax earnings = £14m but recent buyers have been using c.5% (or less) for a cash purchase implying earnings £8m which broadly will be inline with likely first Nanoco commercial deal at c.£12m recenues per year.

The expectation is the Board believes investors will sell at 24p while current share price has risen 5% to 20p.

My view the vote at the end of March will progress ( same 37% pushing it through, just a formality) however not many retail investors will sell and risk being 'out of the market' should positive news get released and then being unable to buy back in sub 24p...

Ergo the 24p share buyback price is way too aggressively priced ie too low to induce many investors to sell up. And those that do sell were pribably inclined to anyway regardless of the price.

Given the current share price and likely poor take up, evidenced by the number of frustrated posts here, I believe the take up will fall well short of 38.5% as there is no real financial incentive to do so as the buyback price is too low, and way below the 37p placement offer, to make it attractive enough!

As always one to watch 'dodgey' LOAM RNS share holdings who would no doubt be buying up off loaded shares cheaply at 17p in the expectation of a future buy out by a third party.

Again the Board have executed a poorly thought through plan with substandard third party advice who clearly wern't aware of the previous 37p"
Posted at 05/3/2024 05:30 by paul planet earth1
This is where the likes of Supernumerary, Nigwit et al start to come unstuck.

What we have are a large group of investors called the 'market' acting on information over a two year or more period making 'rational' decisions based on the information 'disseminated' by the Board.

To blame individuals ergo the 'market' for misreading the information as disseminated is clearly at fault as a large group of 'rational' individuals made investment decisions based on the Boards guidance over a long period of time.

Now look at the facts the share price has crashed 70% not because of 'individuals' choses but because the market is telling the Board in no uncertain terms we don't trust the information that you guide us with.

That is the whole point the market believes the Board deliberately misguided, misinformed, and misled investors which is reflected in the low current share price which without the cash settlement would be close to zero pence.

The Board know perfectly well what's going to happen once a return of cash happens the share price will crash to below 8p more like 7p at best reflecting just the remaining cash held on the balance sheet with zero pence awarded for any speculative future organic growth.

Hence why the Board are delaying the return of value to get the most from interest earned on the settlement cash balance with the hope of a good trading update with news of commercial deals to restore the huge amount of credibility and faith that the Board through its own self inflicted deliberate actions and decisions incurred with the market.

It is not retail investors at fault with poor and unwise investment decisions but entirely the Boards fault at Nanoco for the information disseminated over a long period of time..

The same information I might add used to support last year's cash placement at 37p or nearly double the current share price. Likewise the same information that both LOAM and RG had access to with one investor selling up and the other selling down, with both seemingly happy with material profits made as I note, with retail buying while those two were selling, based on access to the same information, nothing has been bought by either party in the form of disclose of legal proceedings with general discontent with the Boards actions and behaviour, funny that isn't it. Maybe the regulator should have looked more closely at their trading actions given that they had I assume access to the same information as retail investors had, but seem to have acted very differently to it.

As for investors negative views and opinions these are not symptomatic of poor investment decisions but are symptomatic of being misled with information that was inaccurate.

Equally you seem to conclude that the regulator did not find fault. That's just an opinion there is no evidence that the regulator has or hasn't investigated hence that's an irrational conclusion to make..I could equally add that given the time and legal cost of pursuing investigations and concluding them in court through litigation the regulator could easily have turned a blind eye to the events and proceedings as they unfolded.
Posted at 03/3/2024 20:57 by sikhthetech
As expected, another month gone and still nothing and the share price has drifted.

If you had sold when they announced they had received the money then you would have been better off. The share price is already down 10% (21.5p when announced).

If they pay via a divi then the share price will fall by that divi amount, so no gain for current holders. The share price has already fallen 2p, if the divi is 12p then the drop from announcement to ex-divi will be 14p.

If they pay via buy backs then there's no guarantee the share price will recover, so no gain for current holders.





sikhthetech - 24 Jan 2024 - 14:59:05 - 38151 of 38678
Buybacks don't always work in increasing the share price

Much better to have the cash and let PIs decide whether they wish to reinvest or use elsewhere.

Buy backs can be stopped at any time. If the company publishes warnings, lack of sales, biggest shareholders selling etc, at any time then any potential gains from the buyback are wiped out and the share price could be lower than today.

Buy backs here will be the worst outcome.

Ask the blnx gang Barky/Gino/PPE etc etc. Trmr(ex blnx) have had buy backs for years. The share price still crashed from 850p to 150p, as I predicted, after repeated profit warnings. Same for Rthm. Losing 80% on trmr AND rthm AND Nano.
Posted at 03/3/2024 13:45 by paul planet earth1
Yas

Well either they have a business with growth potential and they dont want to payout the cash to shareholders in Q1 because the share price will crash to under 8p and they are waiting to be able to make a trading update with good news in Q2 which would support the share price post return of value mechanism, or

They are lying and hanging onto the cash as long as possible knowing that post return of value the share price will crash to sub 8p then fall even lower as shareholders realise there is no organic growth potential and we are stuck with a lame duck led by a lame mgt team and Tariq Hamoodi's suspicions were right all along about the Board and its future organic growth projections.

You take your pick I guess!

It would very disappointing to discover that the over 20 years of research work have been more or less gifted to Samsung for the equivalent of pennies compared to its true underlying future value and we are now left with effectively a shell company with no future trading prospects!
Posted at 01/3/2024 19:48 by pj84
"jfacwc28 Feb '24 - 09:20 - 38632 of 38666

Poor argument to worry about share price drop.
Rather have dividend and take chances.
More choices.
Can always buy more. The future prospects have not changed?
Always so much gloom here."

jfacwc28 I missed your post at the time but I would also rather get it all as a dividend so that I can choose what to do but that wasn't my argument I was just pointing out that all other things being equal even if the return is all by dividend Barkboo won't then get out unscathed as the share price is likely to drop by that amount as soon as it goes ex-div unless the market then rerates it up or down.

My fear is a buyback which would allow LOAM a way to reduce it's holding and whilst in theory a buyback should be neutral or even positive there are numerous examples of it having no positive effect on the share price often with the share price falling.

The delay doesn't make any sense as Nanoco was wall aware of all of the alternative's for returning funds to shareholders last year and I would be surprised if for once they favoured small shareholders who have or should have there shares in either a SIPP or ISA and should want a dividend.

As I write this I am actually questioning why I continue to hold given that I have long ago lost any faith in what BT says.
Posted at 10/2/2024 22:41 by barkbooo
Frank - “ Colin:

So stick to the other thread....” he can’t, nobody reads it!

The authors contribution:

“BROWNSTONE22
Dz30700 .. welcome to the thread. Please read the guidelines in the header and post 79, regarding the poster kooba.
Nanoco Technologies Ltd - Post 100 NANO Nanoco Group Plc BROWNSTONE22 23 Jan 2024 10:11 1
BROWNSTONE22
warranty .. please read post 79
Nanoco Technologies Ltd - Post 79 NANO Nanoco Group Plc BROWNSTONE22 29 Oct 2023 21:39 14 3
BROWNSTONE22
ð��“ð��;¡ð��ž ð��©ð��¨ð5533;�¬ðʏ33;�­ð�;�žðA533;�« ð��¤ð��¨ð5533;�¨ðʏ33;�›ð��š
Nanoco Technologies Ltd - Post 77 NANO Nanoco Group Plc BROWNSTONE22 29 Oct 2023 20:37 1 3
BROWNSTONE22
Take a 72 hour break and come back better.
Nanoco Technologies Ltd - Post 75 NANO Nanoco Group Plc BROWNSTONE22 29 Oct 2023 15:23 3 2
BROWNSTONE22
andycapped, post 73 as per header
Nanoco Technologies Ltd - Post 39 NANO Nanoco Group Plc BROWNSTONE22 11 Oct 2023 12:04 1
BROWNSTONE22
Shapes, have placed your link in header.
Nanoco Technologies Ltd - Post 17 NANO Nanoco Group Plc BROWNSTONE22 04 Sep 2023 07:33 1
BROWNSTONE22
Activmojo, post 36921 your link added above.
ADVFN - PROBLEMS - Post 4080 HELP BROWNSTONE22 15 Jun 2023 13:31
BROWNSTONE22
?
Nanoco/Dow - 2016 a transformational year for CFQD - Post 34082 NANO Nanoco Group Plc BROWNSTONE22 12 May 2023 11:55
BROWNSTONE22
andycapped moderated
Nanoco Technologies Ltd - Post 14 NANO Nanoco Group Plc BROWNSTONE22 08 May 2023 09:18 4 1
BROWNSTONE22
Quantum Leaper”

So sinister - Brownstone could be BT?
Nanoco share price data is direct from the London Stock Exchange

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